Global Plant-Based Beef Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Source;

Soy-based Protein, Wheat-based Protein, Pea-based Protein, Canola-based Protein, Fava bean-based Protein, Potato-based Protein, Rice-based Protein, Lentil-based Protein, Flax-based Protein, Chia-based Protein, and Corn-based Protein.

By Product Type;

Burger Patty, Crumbles and Grounds, Sausages, Hot Dogs, Nuggets, Bacon Chips, Deli Slices, Chunks and Tips, Shreds, Cutlets, Strips, Tenders, And Fingers, and Meatballs (meatless).

By Distribution Channel;

Retail, Hypermarkets/Supermarkets, Convenience Stores, Specialty Food Services, Online Retail and HoReCa ( Food Service Sector ).

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn013806742 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Plant-Based Beef Market (USD Million), 2021 - 2031

In the year 2024, the Global Plant-Based Beef Market was valued at USD 5,119.54 million. The size of this market is expected to increase to USD 19,687.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 21.2%.

The global plant-based beef market is experiencing significant growth driven by shifting consumer preferences towards healthier and sustainable dietary choices. Plant-based beef products are crafted to replicate the taste, texture, and nutritional profile of traditional beef using ingredients such as soy, pea protein, wheat gluten, and other plant-derived components. This market expansion is propelled by increasing awareness of environmental impacts associated with conventional meat production, coupled with concerns over animal welfare and personal health.

Key factors fostering market growth include advancements in food technology that enable manufacturers to create plant-based beef alternatives with improved sensory attributes and nutritional value. Innovations in processing techniques have led to products that not only mimic the taste and texture of beef but also offer comparable protein content and versatility in culinary applications. Moreover, endorsements from health professionals and celebrities, coupled with mainstream retail availability and marketing campaigns, are broadening consumer acceptance and driving adoption across diverse demographics globally. As dietary preferences continue to evolve towards sustainable and ethical food choices, the plant-based beef market is poised for further expansion and innovation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Plant-Based Beef Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Health and Wellness Trends

        2. Growing Concerns about Environmental Sustainability

        3. Increasing Adoption of Vegetarian and Flexitarian Diets

      2. Restraints
        1. Perception of Taste and Texture

        2. Higher Cost Compared to Conventional Beef

        3. Limited Awareness and Acceptance in Some Regions

      3. Opportunities
        1. Expansion in Emerging Markets

        2. Innovations in Product Development

        3. Strategic Partnerships and Collaborations

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Plant-Based Beef Market, By Source, 2021 - 2031 (USD Million)
      1. Soy-based Protein
      2. Wheat-based Protein
      3. Pea-based Protein
      4. Canola-based Protein
      5. Fava bean-based Protein
      6. Potato-based Protein
      7. Rice-based Protein
      8. Lentil-based Protein
      9. Flax-based Protein
      10. Chia-based Protein
      11. Corn-based Protein
    2. Global Plant-Based Beef Market, By Product Type, 2021 - 2031 (USD Million)
      1. Burger Patty
      2. Crumbles and Grounds
      3. Sausages
      4. Hot Dogs
      5. Nuggets
      6. Bacon Chips
      7. Deli Slices
      8. Chunks and Tips
      9. Shreds
      10. Cutlets
      11. Strips, Tenders, And Fingers
      12. Meatballs (meatless)
    3. Global Plant-Based Beef Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Retail
      2. Hypermarkets/Supermarkets
      3. Convenience Stores
      4. Specialty Food Services
      5. Online Retail and HoReCa ( Food Service Sector )
    4. Global Plant-Based Beef Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. MorningStar Farms
      2. Archer Daniels Midland Company
      3. Symrise
      4. Roquette Frères S.A.
      5. Kellogg's
      6. Tyson Foods, Inc.
      7. Sotexpro SA
      8. Crown Soya Protein Group
      9. Puris Proteins, LLC
      10. Ingredion Inc.
      11. Beneo GmbH
      12. Glanbia plc
  7. Analyst Views
  8. Future Outlook of the Market